Serba Dinamik hits limit-down, KLCI skids


KUALA LUMPUR: Shares of Serba Dinamik hit limit-down in early Monday trade when it resumed trading after a two-day voluntary halt and it affected the broader market sentiment.

The FBM KLCI also skidded on concerns about the impact of the full lockdown on the economy over the next two weeks.

At 9.08am, the KLCI was down 19.12 points or 1.2% to 1,575.32. Turnover was 870.30 million shares valued at RM379.55mil. Decliners hammered advancers more than 12 to one or 834 losers to 68 gainers and 139 stocks unchanged.

Serba Dinamik hit limit-down, fall 48 sen to RM while KPower lost 16 sen to RM1.15 and SCIB 17 sen to 98.5 sen.

Trading of Serba Dinamik shares resumed after a two-day voluntary suspension last week after it was informed by its external auditors, KPMG, on “some matters pertaining to statutory audit.”

StarBiz reported the company says it will go ahead with the motion to change its external auditor KPMG despite calls to stop it from doing so.

Other decliners were Nestle, which fell RM1 to RM135.50, Heineken 60 sen to RM23.20, Carlsberg 50 sen to RM21.50, BAT 40 sen to RM15.40 and F&N 50c to RM26.38.

Other decliners were HLFG, down 62 sen to RM17.72 and refiner Hengyuan 45c to RM5.23,

However, Pharmaniaga rallied 36c to RM5.42, Top Glove nine sen to RM5.18 and Adventa 17 sen to RM2.29.

At Bursa last week, foreign funds were net buyers at RM190.2mil and local retail investors RM147.9mil but local funds were net sellers at RM338.1mil.

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